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- Tasks: Lead actuarial work in reserving and support senior projects.
- Company: Dynamic insurance firm based in London with a hybrid work model.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Why this job: Join a team making impactful decisions in the insurance industry.
- Qualifications: 2-5 years in General Insurance; fully qualified or nearly qualified actuary.
- Other info: Collaborative environment with strong focus on career development.
The predicted salary is between 48000 - 72000 £ per year.
Main Purpose of the Senior Reserving Actuary/ Reserving Actuary:
Responsible for completing a range of actuarial work within the Reserving function, with a keen focus in particular leading on the first lining reserving responsibilities. You will also be providing support to the reserving function and technical provision reporting and to provide support on ad-hoc projects to senior members of the actuarial function.
Responsibilities
- Assessment of gross and net reserves by class of business and take responsibility for reserving classes grouped into particular divisions.
- Assessment of Technical Provisions under Solvency II or other local regulation.
- Preparation of reports for Quarterly Syndicate & Group functions and use of data warehouse.
- Support of and liaising with pricing/underwriting/claims teams on a regular basis.
- Preparation of reserving information to inform management and support underwriting teams.
- Close collaboration with the capital modelling team to assist with internal model calibration.
- Ad-hoc analysis of certain areas of the portfolio and provide support to the creating of tailored solutions.
Qualifications
- 2-5 years’ experience working in General Insurance.
- Fully qualified actuary or Newly/nearly qualified.
- Knowledge of actuarial techniques for reserving.
- Familiarity with practices in London Market and UK Reinsurance and Commercial Lines Insurance.
- An understanding of actuarial techniques used in reserving property and casualty insurance and treaty reinsurance.
Senior Actuary employer: The Emerald Group Ltd, Search and Selection
Contact Detail:
The Emerald Group Ltd, Search and Selection Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuary
✨Tip Number 1
Network like a pro! Reach out to fellow actuaries and industry professionals on LinkedIn. Join relevant groups and participate in discussions to get your name out there. You never know who might have a lead on that perfect Senior Reserving Actuary role!
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and recent developments in the London Market. Be ready to discuss your experience with reserving techniques and how you've tackled challenges in previous roles. Confidence is key, so practice makes perfect!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your career goals. Use our website to find roles that excite you and match your skills. Tailor your approach to each company, showing them why you're the ideal fit for their team.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show your genuine interest in the role and the company. It’s a small touch that can make a big difference!
We think you need these skills to ace Senior Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in general insurance and actuarial techniques for reserving. We want to see how your skills align with the Senior Reserving Actuary role, so don’t hold back on showcasing relevant projects or achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background makes you a perfect fit. We love seeing enthusiasm and a clear understanding of the responsibilities outlined in the job description.
Showcase Your Technical Skills: Since this role involves technical provisions under Solvency II, make sure to mention any relevant experience or knowledge you have in this area. We appreciate candidates who can demonstrate their familiarity with actuarial techniques and practices in the London Market.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at StudySmarter!
How to prepare for a job interview at The Emerald Group Ltd, Search and Selection
✨Know Your Numbers
As a Senior Reserving Actuary, you'll need to demonstrate your understanding of actuarial techniques for reserving. Brush up on your knowledge of gross and net reserves, and be ready to discuss how you assess technical provisions under Solvency II. Prepare some examples from your past experience that showcase your analytical skills.
✨Familiarise Yourself with the Market
Make sure you’re well-versed in the practices of the London Market and UK Reinsurance. Research recent trends and challenges in commercial lines insurance. This will not only show your interest but also help you engage in meaningful discussions during the interview.
✨Collaboration is Key
Highlight your experience working with pricing, underwriting, and claims teams. Be prepared to share specific instances where your collaboration led to successful outcomes. This will demonstrate your ability to work cross-functionally, which is crucial for the role.
✨Prepare for Technical Questions
Expect technical questions related to actuarial techniques used in reserving property and casualty insurance. Review common methodologies and be ready to explain them clearly. Practising these explanations can help you feel more confident and articulate during the interview.
